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Assume that a sole proprietor agreed to admit a single equal partner for a certain amount of money. The sole proprietor, Partner A, will give the new partner, Partner B, an equal share in the partnership. 100% interest of the sole proprietor will be divided in half, so that each of the two partners will have 50% interest in the partnership.
The Uniform Limited Liability Company Act (ULLCA), which includes a 2006 revision called the Revised Uniform Limited Liability Company Act, is a uniform act (similar to a model statute), proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of limited liability companies (often called LLCs) by U.S. states.
It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. [1] An LLC is not a corporation under the laws of every state; it is a legal form of a company that provides limited liability to its
In 1978, the center moved to an old elementary school building in Radnor, Pennsylvania. In 1982 the center moved back to King of Prussia and became the King of Prussia Center for Graduate Studies and Continuing Education. In 1987, the university acquired 8.5 acres (34,000 m 2) within the Great Valley Corporate Center in Malvern, Pennsylvania. A ...
A 2011 study from the Federal Reserve Bank of Atlanta and Pennsylvania State University looked at U.S. self-employment levels from 1970 to 2000. According to data from the U.S. Bureau of Economic Analysis , the absolute number of people registered as non-farm proprietors (NFPs) or self-employed in metropolitan counties grew by 244% between 1969 ...
Lincoln University, a historically Black university, was designated as a state-related university in 1972. [7] Although the Pennsylvania State University, commonly known as Penn State, was founded as a private school, it was later designated as Pennsylvania's sole land-grant institution. It was repeatedly defined as a "state-owned university ...
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